Today's Headlines in Indonesia

The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.

  • Bank Indonesia: Indonesia's External Debt Growth Slowing in August 2013

    Indonesia’s foreign debt was recorded at USD $257.30 billion in August 2013, a 0.9 decrease compared to foreign debt in July 2013 (USD $259.61 billion). On an annual basis (yoy), foreign debt growth in August was 6.6 percent, thus slowing compared to July’s growth of 7.4 percent (yoy). The central bank of Indonesia (Bank Indonesia) considers that the slowing growth in the country's foreign debt is in line with the slowing growth of the domestic economy. Indonesia's GDP growth forecast has been revised down to below the six percent mark.

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  • Indonesia's Geothermal Energy Potential May Be Tapped from 2014

    Good news for Indonesia's geothermal power potential. The Indonesian government is getting closer to issuing a new law that will make it easier for investors to tap the country's huge geothermal energy potential. A committee of Indonesia's House of Representatives (DPR) supports a bill that was proposed by the government, which aims to spur investments in the country's geothermal energy sector through providing a better legal framework. Indonesia is estimated to contain the world's largest geothermal energy reserves.

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  • Indonesian Minimarkets Continue to Grow at the Expense of Supermarkets

    Turnover of Indonesian minimarkets has grown sharply. In 2014, the value of sales is expected to jump 13.5 percent to IDR 94 trillion (USD $8.3 billion) compared to this year's projection of IDR 82.9 trillion (USD $7.3 billion). Indonesia's large population (over 240 million) and rapidly urbanizing society gives rise to high demand for nearby shops where people can find their daily needs. In recent years, outlets of minimarkets have been mushrooming in Indonesian cities, particularly on Java. Outside the island of Java, there is still ample room for growth.

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  • Company Profile of Timah: Indonesia's Leading Tin Producer and Exporter

    Indonesia Investments added a preliminary company profile of Timah (TINS), an Indonesian manufacturer and exporter of tin. The company, a state-controlled enterprise (SOE), has an integrated tin mining business ranging from exploration, mining, processing to marketing. The company is one of the largest integrated tin mining companies in the world and accounts for eight percent of total global tin production. Recently, the company has been eager to expand to Myanmar in order to increase production volumes.

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Today's Headlines